Early day motion tabled by primary sponsor Jonathan Shaw (Labour), on Monday, 5 June 2000, in the House of Commons. It is signed by 75 members in total.

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ELECTRICITY SUPPLY PENSION SCHEME

That this House is concerned at the stated intention of the National Grid Company to amend its group rules of the Electricity Supply Pension Scheme so as to allow themselves, retrospectively, to profit from their failure to make payments to the fund, to cover deficiencies arising from the company's redundancy programme; notes that this was found to be unlawful by the Pensions Ombudsman in the first instance, and finally by the Court of Appeal which upheld the complaints of Messrs Laws and Mayes against the company and trustees and that the wide power of amendment, highlighted in the Appeal Court judgement of 10th February, was contained in rules designed for a nationalised industry with ultimately democratic control of the employer by Parliament; and believes that now in the hands of private employers such powers have been abused by employers in their goal to keep their hands on the windfalls raided from the pension fund.

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Secondary information

Type

Early day motion

Reference

789 

Session

1999-00

Subjects

Energy supply Electricity Pension funds National Grid Company

Link

View this Early day motion on www.parliament.uk